Duty Valuation – What is it?
As an importer of goods into Canada, it’s important to have a basic understanding of the overall import process, along with the rules and regulations that govern it. A key consideration with respect to importing goods into Canada is assessing the proper Duty Valuation (or “value for duty”). The Canada Customs Act.
CBSA Target List – Are your goods on the list?
The Canada Border Services Agency (CBSA) targets certain industries and products for audit each year to ensure compliance with tariff classification, product valuation and country of origin requirements. CBSA’s list of “targeted verification priorities”is updated on an ongoing basis. The current list of priorities is.
Help – My shipment is stuck on a stranded Hanjin ship!
Hanjin Shipping, once the seventh-largest ocean shipping company in the world, recently declared bankruptcy, leaving dozens of ships, carrying over 14 billion dollars in cargo, stranded at sea. Port operators and inland carriers are now refusing to load or move Hanjin containers for fear of not being paid, leaving.
Why is my shipment held up at the border?
Every day, businesses big and small find themselves facing unanticipated delays at the border. These delays can be a nuisance at best and a supply chain nightmare at worst. They are frustrating, stressful and costly – and they’re also avoidable.
Hanjin Bankruptcy – Update
It’s been less than a month since the announcement of shipping giant Hanjin’s bankruptcy and the shipping industry continues to struggle with pressures coming from a variety of sources in challenging global financial times.
Honest Import Transaction Mistakes
“I think I've found an error in my Canadian import transactions, and it's my fault. What can I do?” Human error is a fact of life, and honest mistakes can happen with import documentation. No matter the nature of your business or the size of your company – no one is immune to the possibility of a slip-up.
Consolidation and Cross-docking: Two methods for improving shipping efficiency
Consolidation and cross-docking are smart practices that all shippers should consider making use of to maximize efficiencies. When incorporated into your everyday shipping routines, they can both help lower costs and improve product flow.
Chapter 5: Importing into the U.S. – Maximize your likelihood of success with U.S. Customs
The most effective approach to ensuring a smooth U.S. Customs experience is to take proactive measures and remain fully informed. With proper planning and by tapping into expert advice as needed, your company will be less likely to face customs inquiries and scrutiny – and penalties. Follow these steps to maximize.
Shipping giant Hanjin files for bankruptcy – How does this affect me?
The global economic downturn of recent years has severely affected profits across the cargo shipping industry, with Hanjin Shipping Co. the most recent casualty.
Give me a break! Expanded tax and duty breaks for U.S. importers
The Trade Facilitation and Trade Enforcement Act (TFTEA) was signed into law in February of this year and brought in regulatory changes in several areas, including tax and duty exemptions at the U.S. border. Tax and Duty Breaks According to TFTEA Included in the TFTEA is an amendment to Section 321 of the Tariff Act,.
